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Neutral Portfolio

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BC: The End

1: The cause of the Great Depression was the crash of the stock market. In the twenties, young people in America were partying; times were good. Unfortunately though that gave people false hope. People started to borrow money from the bank and invest in the stock market; hoping to make enough money to pay their debt and have made a profit. The fluctuation of buying and selling made false values for stocks. Things got out of control and the stock market crashed. When the stock market crashed people who had invested all their money,some they didn't actually have, in the market they lost everything.

3: The Great Depression started in 1929 and lasted until about 1939. When the depression began the President thought that sooner or later things would fix themselves. However, doing nothing only made things worse. Since people had lost a lot of money in the stock market,they had to be more frugal. Therefore not as many products needed to be produced; so not as many people were needed to make those things. Which in turn meant people lost their jobs. This made times hard; and added the list of things to fix. Which made the depression last longer.

5: Life during the Great Depression was hard. Many people were out of work and had little to no money. With such limited resources people couldn't afford much, so they started to sell things to make money to survive. People lived with almost nothing. Some people lost their homes because they couldn't pay their bills. As a result they had to live in tent like homes in communities they called hoovervilles. The communities were called such because they were annoyed with the president for doing nothing to try to bring them out of the depression.

7: Everyone was affected by the Great Depression. Some people might not have been affected immediately by the stock market crash, but soon they would be impacted in some way. When the stock market crashed many banks had lost their money because of loans that were invested in the stock market. If the banks had no money then many people, even though they hadn't been involved in the stock market, lost their life's savings. If people couldn't buy luxury things, even some necessities, that effected business owners and their prices. With businesses having struggles that affected the consumers, and so on and so forth.

9: There are a couple things that contributed to the end of the Great Depression. One is, there was a new President in charge. People were fed up with Hoover doing nothing to help them, so they elected FDR for president. | FDR tried to help the people in many ways. One thing he did to help was create work camps such as the CCC, which employed young able men. One other thing that is said to have helped end the Great Depression is the Start of WWII. Many men got jobs in the military when the war started.

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  • By: Faith H.
  • Joined: almost 4 years ago
  • Published Mixbooks: 1
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About This Mixbook

  • Title: Neutral Portfolio
  • It is about the Great Depression
  • Tags: None
  • Published: almost 4 years ago

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